1. Seller issue signs and sealed
contract and send to Buyer by
means of electronic email.
2. Buyer countersigns the
contract and dispatches copy to
the Seller via electronic email with
full vessel details Q88 CPA and
receipt of Charter. Buyer bank
write seller bank a letter of
assurance stating that upon
receiving NOR from seller they will
place bank payment instrument
for the entire cargo and if NOR is
issued and buyer is unable to
place instrument then the bank
will pay N3 million to seller as cost
for NOR
3.Seller NOR buyer Vessel
4. Buyer places instrument
covering the entire Cargo
5. Seller Captain opens
communication with Buyer and
both vessel establish point of sts
Longsiding and transhipment
takes place
6. Upon Transhipment Q n Q is
done on Buyer vessel and upon
satisfactory Q and Q instrument
turns to cash
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Trade Leads Directory -> All Trade Leads -> Chemicals -> Petroleum Products: Crude Oil -> 1,000,000bbl BLCO on TTT and 2,000,000bbl BLCO on TTO for sale
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